UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 6,121 sqft
Price per Sqft $571
MLS Listing ID MDMC2239142
Style Contemporary
Abv Grd Liv Area 6,121
Year Built 1950
Available Date 2026-08-04
Annual Tax Amount $38,881
Tax Year 2026
Lot Size 5,451 Sqft
Acres 0.13
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
The property is offered fully turnkey with an established furnished rental operation already in place, generating strong, verifiable income. With projected gross yields of approximately 7% and monthly revenue exceeding $27,000+, it presents a rare opportunity to acquire a prime location paired with exceptional, above-market cash flow.
Beyond current performance, the asset carries significant long term redevelopment potential. Positioned within the Downtown Bethesda growth corridor and aligned with the Thrive Montgomery 2050 plan and recent county zoning reforms (ZTA 25-02) expanding multi-family density allowances along key corridors, this standalone corner parcel offers a credible path to increased residential density over time. The Washington DC metro multifamily market continues to show sustained renter demand and constrained new supply into 2026, reinforcing rental income durability for investors holding through a redevelopment timeline.
This location provides outstanding visibility, accessibility, and flexibility placing residents mere blocks from Bethesda Row, the Bethesda Metro station, premier dining and shopping, major commuter routes, NIH, and Walter Reed. Whether acquired as a stabilized income-producing asset generating above-market yield, or as a strategic land banking investment in one of Montgomery County's most desirable urban submarkets, 4535 Avondale Street represents a rare dual-thesis opportunity: immediate cash flow paired with meaningful upside from future density and value-add redevelopment.
Location
State MD
County Montgomery
Zoning CRN0
Rooms
Basement Other, Unfinished, Rear Entrance, Outside Entrance
Interior
Hot Water Electric
Heating Wall Unit
Cooling Ductless/Mini-Split
Equipment Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater
Fireplace N
Appliance Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric, Icemaker, Water Heater
Heat Source Electric
Exterior
Garage Spaces 9.0
Parking On Site 9
Water Access N
View City
Accessibility 2+ Access Exits, 36\"+ wide Halls
Total Parking Spaces 9
Garage N
Building
Above Ground Finished SqFt 6121
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Somerset
Middle Schools Westland
High Schools Bethesda-Chevy Chase
School District Montgomery County Public Schools
Others
Tax ID 160700417604
Ownership Fee Simple
SqFt Source 6121
Security Features Main Entrance Lock,Security System
Special Listing Condition Standard
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Nearby School & Business
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Edward Cole
Broker Associate | License ID: PA: AB067617 | DE: RB0020595
Broker Associate License ID: PA: AB067617 | DE: RB0020595